Second Northwest Co-op Homes: A Comprehensive Guide
Are you considering purchasing a home in the vibrant community of the Second Northwest Co-op? Look no further! This article will provide you with an in-depth look at everything you need to know about this unique cooperative housing option. From the history and community values to the amenities and financial benefits, we’ve got you covered.
History and Community Values
The Second Northwest Co-op Homes, established in 1970, is one of the oldest and most respected cooperative housing communities in the city. The cooperative was founded on the principles of self-help, self-management, and mutual support. These core values have shaped the community’s culture and continue to guide its operations today.
Members of the Second Northwest Co-op are committed to creating a diverse, inclusive, and sustainable living environment. The cooperative actively encourages community involvement and offers various programs and events that foster a strong sense of belonging and camaraderie among residents.
Location and Accessibility
Second Northwest Co-op Homes is conveniently located in a prime area, offering easy access to public transportation, shopping, dining, and entertainment. The community is situated near several bus lines, ensuring that residents can easily reach their destinations without the need for a car.
Additionally, the cooperative is situated in close proximity to parks, recreational facilities, and green spaces, making it an ideal location for those who enjoy outdoor activities. The nearby Lake Washington and the Puget Sound provide ample opportunities for boating, fishing, and hiking.
Amenities and Facilities
Second Northwest Co-op Homes boasts a variety of amenities and facilities designed to enhance the quality of life for its residents. Here’s a breakdown of some of the key features:
| Amenity | Description |
|---|---|
| Laundry Facilities | On-site laundry rooms with coin-operated washers and dryers |
| Community Garden | A shared garden space where members can grow their own vegetables and flowers |
| Playground | A safe and fun playground for children |
| Meeting Rooms | Spacious meeting rooms available for cooperative events and community gatherings |
| Library | A cozy library with a selection of books, magazines, and newspapers |
Residential Options
Second Northwest Co-op Homes offers a variety of residential options to suit different needs and preferences. The cooperative consists of a mix of apartments, townhouses, and single-family homes, ranging in size from studios to three-bedroom units.
Each residential unit is designed with comfort and functionality in mind. Features may include modern appliances, spacious living areas, and private balconies or patios. The cooperative also offers a limited number of accessible units to accommodate residents with disabilities.
Financial Benefits
Joining the Second Northwest Co-op Homes cooperative can provide several financial benefits. Members enjoy lower housing costs compared to market rates, as the cooperative operates on a non-profit basis. Additionally, cooperative members may be eligible for tax advantages and other financial incentives.
The cooperative also offers a variety of financing options to help members purchase their homes. These options include fixed-rate mortgages, interest-only loans, and shared-equity financing. The cooperative’s financial team is available to assist members in navigating the mortgage process and finding the best financing solution for their needs.
Application Process
Becoming a member of the Second Northwest Co-op Homes cooperative is a straightforward process. Here’s a brief overview:
- Attend an informational meeting to learn more about the cooperative and its values.
- Complete an application and submit it to the cooperative’s office.
- Participate in an interview with the cooperative’s selection committee.
- Wait for the selection committee to review your application and notify you of their decision.
- Once accepted, attend a member orientation and sign the necessary documents.
It’s important to note that the cooperative has a waiting list, and the application process can take several months. However, the cooperative encourages interested individuals to apply early and attend informational meetings to increase their chances of being selected.
